4401 W Western Ave South Bend, IN 46619

Listing agency Brookwood Capital Advisors - Hamd

Listed by Ben Hamd · License #VA 02260227550

Source Crexi

Added: Apr 12 Updated: Jul 20 at 11:16PM Checked: Jul 20 at 11:16PM

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Investment Insights

Based on property information with market context.

Centre West Shopping Center is a 99,726 SF shopping center in South Bend, Indiana. The offering includes the potential to lease up a vacant 39,500 SF unit and features five outparcels for ground leasing, development, or resale, along with a 1.5-acre pad site. A recently received ALDI LOI contemplates a 15-year base term with eight renewal options of 5 years each and 8% rent escalations every 5 years, starting from a base rent of $115,000.

Two of the outparcels are already leased to Style Savers and MetroPCS, with the remaining outparcels available as part of the sale. The property is scheduled to go for auction on Real Insight Marketplace December 6th–8th, with an opening bid of $1,500,000.

Key Highlights

• Centre West Shopping Center offers 99,726 SF of retail space in South Bend, Indiana.
• Includes a vacant 39,500 SF unit, plus potential lease‑up upside.
• ALDI pad site on 1.5 AC with an LOI for a 15‑year base term and eight 5‑year renewal options.

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FAQs

What type of property is this?

Shopping center - 99,726 SF center includes vacant 39,500 SF unit plus outparcels and a 1.5-acre ALDI pad site with LOI.

Where is this shopping center located?

The property is located at 4401 W Western Ave South Bend, IN.

What are key features of this property?

This property features: Centre West Shopping Center offers 99,726 SF of retail space in South Bend, Indiana.; Includes a vacant 39,500 SF unit, plus potential lease‑up upside.; ALDI pad site on 1.5 AC with an LOI for a 15‑year base term and eight 5‑year renewal options.